South Koreans are spending money with reckless abandon, taking out loans and maxing out credit cards to pay their bills. They're doing it, usually, in hopes of improving their socioeconomic status, but economists say they may be banking on an unsteady foundation.

The last time North Korea had a transition of power, people in the South feared the outbreak of war. Now they're taking it in stride. And as Jason Strother reports, some see the change as an opportunity for South Korean business.

South Koreans are spending money with reckless abandon, taking out loans and maxing out credit cards to pay their bills. They're doing it, usually, in hopes of improving their socioeconomic status, but economists say they may be banking on an unsteady foundation.

The last time North Korea had a transition of power, people in the South feared the outbreak of war. Now they're taking it in stride. And as Jason Strother reports, some see the change as an opportunity for South Korean business.

The last time North Korea had a transition of power, people in the South feared the outbreak of war. Now they're taking it in stride. And as Jason Strother reports, some see the change as an opportunity for South Korean business.

South Koreans are spending money with reckless abandon, taking out loans and maxing out credit cards to pay their bills. They're doing it, usually, in hopes of improving their socioeconomic status, but economists say they may be banking on an unsteady foundation.